The 5% Of American Households That The Fiscal Cliff Debate Is Really About

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		Home Tech Finance Markets Politics Strategy Entertainment Advertising Retail Sports Life Monday, December 31, 2012 The 5% Of American Households That The Fiscal Cliff Debate Is Really About As a fiscal cliff deal takes shape, it's important to get some perspective on what's being debated and who will be affected. An overwhelming amount of the negotiations have concerned taxes; in particular, the income threshold on which marginal tax rates will increase. Justin Wolfers recently tweeted this chart. "Compare the income thresholds being debated in fiscal cliff negotiations with the actual income distribution," said Wolfers. The chart shows that at least 95% of American households will not be affected as Washington decides on whether to raise taxes on those with incomes higher than $250,000, $500,000, or $1 million. Compare the income thresholds being debated in #fiscalcliff negotiations with the actual income distribution. Read » Also On Money Game Today: The 10 Worst Stocks Of 2012 FINANCIAL ADVISOR INSIGHTS: Long-Term Investors Don't Need To Freak Out About Where Tax Rates Are Going Advertisement CHART OF THE DAY: America's Stuff Is Getting Really Old, And That's Bullish CHART OF THE DAY: The Housing Bust Gave Birth To A Trillion Dollar Buyer Of US Treasuries CHART OF THE DAY: The US Stock Market Is Now One Of The Most Expensive In The World Share this: Facebook Twitter Digg Reddit StumbleUpon LinkedIn The email address for your subscription is: ipat39@gmail.com Change Your Email Address | Unsubscribe | Subscribe | Subscribe to the Money Game RSS Feed Business Insider. 257 Park Avenue South, New York, NY 10010 Terms of Service | Privacy Policy

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